I read there that the source will be uploaded on May 16th when the wallets are released.

There are no wallets? What happens to the coins you buy now? Does the team that refuses to be transparent hold on to both them and your BTC? The team that won't publish any addresses and won't use and escrow?

The coins you buy now are listed on the 2FA secured ionomy website and dashboard, just like the LISK and WAVES ICO coins are on their websites.

So they're just numbers in a standard database at this time, or is there an actual functioning blockchain?

Yes there is (testnet).

If they are selling coins how come the blockchain isn't finalized?

Apparently, you know more than I do, it is not finalized? What inside info is this based on?

You just said it was on test net, that means it's not fully released to the public yet.

If releasing to the public is your definition of "finalized", then I concur.

I have dropped 20G on this project and would like it to succeed. Your negativity isn't helping anyone.

Only 20g? Light weight. I'm up over 100g at this point. I want to be an ION whale sooooooo bad! And I trust them...cause they told me to. Getting scammed in the past is more than enough reason for me to trust them😜

Exactly. On my way to sell my blood and buy more ION's. Already sold everything else.

I read there that the source will be uploaded on May 16th when the wallets are released.

There are no wallets? What happens to the coins you buy now? Does the team that refuses to be transparent hold on to both them and your BTC? The team that won't publish any addresses and won't use and escrow?

The coins you buy now are listed on the 2FA secured ionomy website and dashboard, just like the LISK and WAVES ICO coins are on their websites.

So they're just numbers in a standard database at this time, or is there an actual functioning blockchain?

Yes there is (testnet).

So the platform is released, showing you you've got all these shiny new coins, but you don't actually have them yet because they don't actually exist yet?

So maybe take the time to actually READ the initial coin offering ANN? Seems actual reading is hard for a few but here is your answer-All ICO coins will be delivered after the close of the coin offering on May 16.

I read there that the source will be uploaded on May 16th when the wallets are released.

There are no wallets? What happens to the coins you buy now? Does the team that refuses to be transparent hold on to both them and your BTC? The team that won't publish any addresses and won't use and escrow?

The coins you buy now are listed on the 2FA secured ionomy website and dashboard, just like the LISK and WAVES ICO coins are on their websites.

So they're just numbers in a standard database at this time, or is there an actual functioning blockchain?

Yes there is (testnet).

So the platform is released, showing you you've got all these shiny new coins, but you don't actually have them yet because they don't actually exist yet?

So maybe take the time to actually READ the initial coin offering ANN? Seems actual reading is hard for a few but here is your answer-All ICO coins will be delivered after the close of the coin offering on May 16.

Drop the attitude lad, I asked a question. The person I was talking to responded, then half hour later you bring the snark. Why?

I read there that the source will be uploaded on May 16th when the wallets are released.

There are no wallets? What happens to the coins you buy now? Does the team that refuses to be transparent hold on to both them and your BTC? The team that won't publish any addresses and won't use and escrow?

The coins you buy now are listed on the 2FA secured ionomy website and dashboard, just like the LISK and WAVES ICO coins are on their websites.

So they're just numbers in a standard database at this time, or is there an actual functioning blockchain?

Yes there is (testnet).

So the platform is released, showing you you've got all these shiny new coins, but you don't actually have them yet because they don't actually exist yet?

So maybe take the time to actually READ the initial coin offering ANN? Seems actual reading is hard for a few but here is your answer-All ICO coins will be delivered after the close of the coin offering on May 16.

Thanks. Now send in some more of your cronies to answer the numerous other unanswered questions that the IOn team has ignored. Thanks.

I read there that the source will be uploaded on May 16th when the wallets are released.

There are no wallets? What happens to the coins you buy now? Does the team that refuses to be transparent hold on to both them and your BTC? The team that won't publish any addresses and won't use and escrow?

The coins you buy now are listed on the 2FA secured ionomy website and dashboard, just like the LISK and WAVES ICO coins are on their websites.

So they're just numbers in a standard database at this time, or is there an actual functioning blockchain?

Yes there is (testnet).

So the platform is released, showing you you've got all these shiny new coins, but you don't actually have them yet because they don't actually exist yet?

So maybe take the time to actually READ the initial coin offering ANN? Seems actual reading is hard for a few but here is your answer-All ICO coins will be delivered after the close of the coin offering on May 16.

Drop the attitude lad, I asked a question. The person I was talking to responded, then half hour later you bring the snark. Why?

Sorry I dont spend my day hanging out here answering your questions, there is no more snark from me than other people in this thread.

I read there that the source will be uploaded on May 16th when the wallets are released.

There are no wallets? What happens to the coins you buy now? Does the team that refuses to be transparent hold on to both them and your BTC? The team that won't publish any addresses and won't use and escrow?

The coins you buy now are listed on the 2FA secured ionomy website and dashboard, just like the LISK and WAVES ICO coins are on their websites.

So they're just numbers in a standard database at this time, or is there an actual functioning blockchain?

Yes there is (testnet).

So the platform is released, showing you you've got all these shiny new coins, but you don't actually have them yet because they don't actually exist yet?

So maybe take the time to actually READ the initial coin offering ANN? Seems actual reading is hard for a few but here is your answer-All ICO coins will be delivered after the close of the coin offering on May 16.

Drop the attitude lad, I asked a question. The person I was talking to responded, then half hour later you bring the snark. Why?

Sorry I dont spend my day hanging out here answering your questions, there is no more snark from me than other people in this thread.

I've asked a number of questions in this thread, as have others. Many remain unanswered.

Tell me, did you create this account simply to defend people you've invested in, to be rude to people or to learn more about Crypto, in general? If you're here to learn about Crypto in general you'll find this forum has some great people using it. If you'Re here to defend your coin, go ahead, but keep it civil.

No, the crowd funding in 2015 was started for the xpy.io platform, to fund the platform, and to get more influence on the direction of the platform. At that time no one except the team knew about the iON ICO. So, this was an unexpected bonus for many of us.

How is it a "bonus" if the thing you crowdfunded doesn't even exist anymore? I think you meant "bait and switch".

What's the wallet address for the xpy.io crowdfunding? Or is it again one of those things where y'all just trusted each other? Did they take XPY or BTC?

The "thing" we crowdfunded still exists, it is the platform. So, we invested in the development of the platform. We did not invest in a coin. This secure and reliable platform still exists (in fact it could be used for other POS coins as well btw). And now we will receive 8 iONs for every atom. For me that is a bonus. And you can call it whatever you like of course

Are you saying that

1) the platform has been completed with all the features like debit cards, revenue share, etc?

or

2) the focus changed since the first round of crowdfunding and the funds are now being used for something else (ION)?

or

3) they burned through the funds of the first round and now are asking for more money to do the same thing?

or

4) something else.

I understand that you're perfectly happy with the change and perhaps that is the unique feature of this ex-GAW community that they can tolerate the moving goalposts but from the outside it looks ridiculous.

XPYBITS is a loyalty and service program integrated into the xpy.io platform. The purpose of the program is to cover server expenses and development cost.

Development of XPY.IO includes several services which will be available to members. These services include expansion of the XPY Store, Online Wallet, Debit Card, Mobile Wallet and an XPY Exchange. Traditional crypto mining will be added so members can mine with SHA256 and scrypt mining which pays out in Paycoin, this will create buy pressure on the crypto exchanges.

We are inviting existing XPY.IO users as well as new users to join the membership and loyalty program which rewards members with early access to all XPY.IO features and a revenue share from XPY.IO. These benefits will be in three levels, Member, Founder and Whale.

Requirements for Member are the purchase of 100 XPYBiTS. The benefits include early beta access to all platforms and discount on subscription prices. The Founder level has a 1000 XPYBITS and benefits include the same as the member level and 50% subscription discount, free debit card and you will be able to add input into the direction of the xpy.io platform. The Whale level will be the same as the founder with the addition of free subscription on all platform services and a final vote on platform direction.

The XPYBITS loyalty program will reward members from the fees and services purchased on XPY.IO that will be distributed at the rate 3.5% to all XPYBITS members. There will also be an affiliate program that will pay 1.5% to the users from their affiliate’s purchases.

The yearly subscription will cost $20 to $50 per year and XPYBiTS are priced at .0035 BTC or 100 XPY each for the first 50,000 XPYBiTS. The second 50,000 XPYBiTS will cost .0050 BTC or 150 XPY each.Get in early to avoid disappointment!

No, the crowd funding in 2015 was started for the xpy.io platform, to fund the platform, and to get more influence on the direction of the platform. At that time no one except the team knew about the iON ICO. So, this was an unexpected bonus for many of us.

How is it a "bonus" if the thing you crowdfunded doesn't even exist anymore? I think you meant "bait and switch".

What's the wallet address for the xpy.io crowdfunding? Or is it again one of those things where y'all just trusted each other? Did they take XPY or BTC?

The "thing" we crowdfunded still exists, it is the platform. So, we invested in the development of the platform. We did not invest in a coin. This secure and reliable platform still exists (in fact it could be used for other POS coins as well btw). And now we will receive 8 iONs for every atom. For me that is a bonus. And you can call it whatever you like of course

Are you saying that

1) the platform has been completed with all the features like debit cards, revenue share, etc?

or

2) the focus changed since the first round of crowdfunding and the funds are now being used for something else (ION)?

or

3) they burned through the funds of the first round and now are asking for more money to do the same thing?

or

4) something else.

I understand that you're perfectly happy with the change and perhaps that is the unique feature of this ex-GAW community that they can tolerate the moving goalposts but from the outside it looks ridiculous.

XPYBITS is a loyalty and service program integrated into the xpy.io platform. The purpose of the program is to cover server expenses and development cost.

Development of XPY.IO includes several services which will be available to members. These services include expansion of the XPY Store, Online Wallet, Debit Card, Mobile Wallet and an XPY Exchange. Traditional crypto mining will be added so members can mine with SHA256 and scrypt mining which pays out in Paycoin, this will create buy pressure on the crypto exchanges.

We are inviting existing XPY.IO users as well as new users to join the membership and loyalty program which rewards members with early access to all XPY.IO features and a revenue share from XPY.IO. These benefits will be in three levels, Member, Founder and Whale.

Requirements for Member are the purchase of 100 XPYBiTS. The benefits include early beta access to all platforms and discount on subscription prices. The Founder level has a 1000 XPYBITS and benefits include the same as the member level and 50% subscription discount, free debit card and you will be able to add input into the direction of the xpy.io platform. The Whale level will be the same as the founder with the addition of free subscription on all platform services and a final vote on platform direction.

The XPYBITS loyalty program will reward members from the fees and services purchased on XPY.IO that will be distributed at the rate 3.5% to all XPYBITS members. There will also be an affiliate program that will pay 1.5% to the users from their affiliate’s purchases.

The yearly subscription will cost $20 to $50 per year and XPYBiTS are priced at .0035 BTC or 100 XPY each for the first 50,000 XPYBiTS. The second 50,000 XPYBiTS will cost .0050 BTC or 150 XPY each.Get in early to avoid disappointment!

You just presented him/her with entirely too much valid information and reasoning. Not a chance they will respond to this. I hope they do as the response will be quite comical!

The only thing from that list that I know exists would be the online wallet. But it existed before xpybits crowdfunding so not quite sure if that really counts. Is there a mobile wallet? XPY Store? Exchange and debit cards are almost definitely a "no".

I would like someone with real facts (sorry MrCoins) to comment on this and explain how that fits with the whole narrative of the team that did everything right but had to create their own coin because XPY was not viable.

15692 page views already since the first post on the 19th of April and you are definitely one of the biggest contributors, always taking care of putting this iON thread on top of the list of altcoin announcements. Thank you Franzl

15692 page views already since the first post on the 19th of April and you are definitely one of the biggest contributors, always taking care of putting this iON thread on top of the list of altcoin announcements. Thank you Franzl

You're welcome! Everybody should know that ION is Paycoin 2.0 and a massively premined scam!

No, the crowd funding in 2015 was started for the xpy.io platform, to fund the platform, and to get more influence on the direction of the platform. At that time no one except the team knew about the iON ICO. So, this was an unexpected bonus for many of us.

How is it a "bonus" if the thing you crowdfunded doesn't even exist anymore? I think you meant "bait and switch".

What's the wallet address for the xpy.io crowdfunding? Or is it again one of those things where y'all just trusted each other? Did they take XPY or BTC?

The "thing" we crowdfunded still exists, it is the platform. So, we invested in the development of the platform. We did not invest in a coin. This secure and reliable platform still exists (in fact it could be used for other POS coins as well btw). And now we will receive 8 iONs for every atom. For me that is a bonus. And you can call it whatever you like of course

Are you saying that

1) the platform has been completed with all the features like debit cards, revenue share, etc?

or

2) the focus changed since the first round of crowdfunding and the funds are now being used for something else (ION)?

or

3) they burned through the funds of the first round and now are asking for more money to do the same thing?

or

4) something else.

I understand that you're perfectly happy with the change and perhaps that is the unique feature of this ex-GAW community that they can tolerate the moving goalposts but from the outside it looks ridiculous.

XPYBITS is a loyalty and service program integrated into the xpy.io platform. The purpose of the program is to cover server expenses and development cost.

Development of XPY.IO includes several services which will be available to members. These services include expansion of the XPY Store, Online Wallet, Debit Card, Mobile Wallet and an XPY Exchange. Traditional crypto mining will be added so members can mine with SHA256 and scrypt mining which pays out in Paycoin, this will create buy pressure on the crypto exchanges.

We are inviting existing XPY.IO users as well as new users to join the membership and loyalty program which rewards members with early access to all XPY.IO features and a revenue share from XPY.IO. These benefits will be in three levels, Member, Founder and Whale.

Requirements for Member are the purchase of 100 XPYBiTS. The benefits include early beta access to all platforms and discount on subscription prices. The Founder level has a 1000 XPYBITS and benefits include the same as the member level and 50% subscription discount, free debit card and you will be able to add input into the direction of the xpy.io platform. The Whale level will be the same as the founder with the addition of free subscription on all platform services and a final vote on platform direction.

The XPYBITS loyalty program will reward members from the fees and services purchased on XPY.IO that will be distributed at the rate 3.5% to all XPYBITS members. There will also be an affiliate program that will pay 1.5% to the users from their affiliate’s purchases.

The yearly subscription will cost $20 to $50 per year and XPYBiTS are priced at .0035 BTC or 100 XPY each for the first 50,000 XPYBiTS. The second 50,000 XPYBiTS will cost .0050 BTC or 150 XPY each.Get in early to avoid disappointment!

Maybe some of the questions are up to the team to answer. But I will try to answer a few.The xpy.io platform was in beta, until recently, but there was already a working XPY/BTC exchangeintegrated for some months, in fact the day it went live, Bittrex volume of traded XPY dropped significantly. There was a revenue share, the XPY BiTS Fund, and there have been some nice payouts to the BiTS holders. I have not seen any beta mobile wallet or debit card.

Don't forget everyone when ion launches with that block explorer start at the genesis block and see whats actually premined... track it to masternodes.. For those that missed it check over what the lack of answers to basic transparency questions can and likely will lead to

Lets play stats since i like to number crunch a little to help me decide things.

Lets start with some knowns that were stated in announcement and whitepaper

BTC price @ $450$1.00 in satoshi is 0.002222220.20c in satoshi is 0.000444440.10c in satoshi is 0.00022222

NOW for the unknown questions--------------------- since they are their escrow and haven't detailed how funds are released who is paid and paid what and how often. For all we know the could be their own devs paying themselves "until a decent one is found or whatever". They could pay themselves x to do the clone and change or pay a coin server to make it for a low price x and pay themselves a management fee or whatever.

- Funds haven't been deemed to be in a locked state not used for any other purpose in the meantime so we have to assume that they "can" be.

lets turn this all into masternodes (to secure the network of course)8,150,000 / 20,000= 407.5 masternodes... so lets round this down to 400 masternodes for a nice round calculation remember we are dealing with unknown potentials so lets keep it rough.

Now the only competing masternodes ARE those that ico bought not xpy swapped (these are locked in 6,9,12 stakers and i'm sure they aren't removable as why would you let customers compete with your sales?).

So customer masternodes assuming 1 person purchased ALL ico (remember being rough so we can get max masternodes customers could have)1,500,000 / 20,000= 75

So all up we have 400 company nodes and 75 customer nodes..company percent = 400 / 475 * 100 = 84.21% approx.. lets round this down to 84%customer percent = 75 / 475 * 100 = 15.78% approx... lets round this up to 16% so we get a nice 100% combined.

so... 16,500 ion a day in masternodescompany = 16500 * 0.84 = 13,860 (or another masternode every 2 days to increase their percent)customer = 16500 * 0.16 = 2640 (or a masternode every 8 days to increase their percent comapny is faster)

OK apologies for the length but we are getting there...- Nobody sells for less than they buy unless its out of fear which is usually after time to transfer assets if unhappy or drops in price in panic- stakers are all locked in so they have to wait- most want to stake to return price and make profit- only those that don't pay for their coins will sell at any price (company)- company could masternode profit with the capital before use.

So in 9 months there is restricted market competition as long as someone with free coins sold less than those with paid.Ignore the 8c xpy conversion ones as those are locked... therefore the minimum fear sell value is 20c (or less again if you have free)

Lets assume 20c a coin it stays at max and 5c at min.If all masternode coins were sold at a point or over time you'd make (ignoring coins made from daily node rewards)@ 20c --> 8,150,000 * 0.20 = $1,630,000@ 5c --> 8,150,000 * 0.05 = $407,500

therefore you can make in 9 months (270 days)$2772 * 270 = $748,440 with no real competition then sell masternodes back OR you can make some more nodes sell some as cash.

to buy a masternode is 20,000 x $0.20 or $4000 ... days to break even on it are crazy if you are competing with the above and have 1.. your percent decreases each day as the highers earn more and more to create more masternodes.

Closing remarks-------------------Does everyone now see how important transparency is? Simple things like tracking addresses and keeping people honest and doing calcs for some due dilligence show you how potentially bad your investment could be. Don't take this as investment advice do the figures yourself and make your mind up but personally with comments like- we can't trust third parties to hold coins they could run- refusing to provide info and respond to questions

Can lead to the above scenario of pain. The only people with nothing to lose are those with free premines. Those who spend have to at least make what they buy for with price.

You might say BUT BUT BUT the coin will go up. Well thats great but remember- preminers have more coins than you to exhaust so can reduce that price.- pumps can happen by others but again they can sell.

There so data... take it to bits look at it contest it etc.

@MrCoins i assume you did the above and can explain why in your opinion and case it seemed to you to be worth risking with little to no info other than whitepaper.Be aware this is public info on their site and this topic 1st post so anything others know that isn't available to all buyers i guess is inside information and maybe insider trading?

Comments thoughts etc? Sorry for the long ass post but had to put it all together... this gives people a point to look at AND DEMAND addresses premine burn etc are all public. Garza's stand was we aren't giving it to people just because they don't believe us... those that agreed were fooled once.. time to not be fooled again.

suchmoon link=topic=1443633.msg14705889#msg14705889 date=1461954552]The only thing from that list that I know exists would be the online wallet. But it existed before xpybits crowdfunding so not quite sure if that really counts. Is there a mobile wallet? XPY Store? Exchange and debit cards are almost definitely a "no".

I would like someone with real facts (sorry MrCoins) to comment on this and explain how that fits with the whole narrative of the team that did everything right but had to create their own coin because XPY was not viable.

Maybe some of the questions are up to the team to answer. But I will try to answer a few.The xpy.io platform was in beta, until recently, but there was already a working XPY/BTC exchangeintegrated for some months, in fact the day it went live, Bittrex volume of traded XPY dropped significantly. There was a revenue share, the XPY BiTS Fund, and there have been some nice payouts to the BiTS holders. I have not seen any beta mobile wallet or debit card.

That's right, now that you mentioned it I think I recall someone posting about the exchange a while ago. Has it been converted to handle ION?

In short these guys are going to get screwed.... adam matlack and his fellow untransparent team will claw back some of their xpy losses and be happy but many others will lose to make them whole. They know this. The intention isn't for the coin to become something great but to mitigate "their losses".

If it was based on the coin there would be- no ico- no premine- mining phase that allowed all to compete fairly and equally i.e. no ninja launch

Adam Matlack and the others would buy their coins like everyone else and this would give them incentive to do something as their risked money would be inspiration to make something great.

At present those that bought ico bought a cloned mix of dash and blackcoin. This isn't something like ethereum that in itself was an extensive addition to what bitcoins base was. You are buying an ico into 2 open source mixed products. There is nothing new here.

The only reason to have a premine that big and allow them to start way ahead is to profit themselves. I don't understand why you people give them power and money then worship them after you've put them on that pedestal. Its moronic.

Ionomy is just some silly web game hub many of which already exist that don't use bitcoin or any crypto.

Start thinking for yourselves and do some numbers through the investment emotion aside and question it highly.. its your money in it not theirs... they OWE you answers not silence. If you get free advice here for questions to ask and don't pursue them you are being dense... what have you got to lose to ask these questions of the devs? If they are good like you say then they can answer them easily.... if they dodge them isn't that something to be concerned about? They need to give hard answers to those questions not round about answers that say we'll do this at date x.... they know EVERYTHING about the project as they masterminded it... if they don't know then they are unprepared and not worth continuing with.

Maybe some of the questions are up to the team to answer. But I will try to answer a few.The xpy.io platform was in beta, until recently, but there was already a working XPY/BTC exchangeintegrated for some months, in fact the day it went live, Bittrex volume of traded XPY dropped significantly. There was a revenue share, the XPY BiTS Fund, and there have been some nice payouts to the BiTS holders. I have not seen any beta mobile wallet or debit card.

That's right, now that you mentioned it I think I recall someone posting about the exchange a while ago. Has it been converted to handle ION?

How about XPY (ION?) Store? Any sign of that?

Honestly too after cryptsy and xpy fiasco i don't think bittrex or poloniex would risk ion. They have other cash cows like ltc, btc and eth all giving them enough capital anyway. I would hope they don't step into dodgy territory like this.